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Indexed operating performance has been implemented by leading companies such as Georg Fischer, Swisscom, Daetwyler, Schaffner, among others. Peter Küpfer, Member of the Board of Directors of Metro, Julius Bär, Karl Steiner and Holcim states:
"Any strategy review has to be based on indexing operating performance. It's a part of board strategy like salt is part of the soup."
Obermatt's expertise in compensation is well-known and valued by companies such as Karl Steiner, Siegfried, Bank Sarasin, SAF, among others. Dr. Paul Hälg, CEO, Dätwyler Holding states:
"We have successfully implemented Obermatt's philosophy of separating budgeting and management incentives at Dätwyler Holding."
Professor Ernst Fehr, Director of the Institute for Empirical Research in Economics, University of Zürich and holder of the Marcel Benoist prize states:
"Bonus payments to managers have come under intense criticism as a result of the financial crisis. However, bonus plans are important instruments for motivating managers and employees. The problem is that these bonus systems are often poorly designed. In his pioneering work on indexed bonus systems, Obermatt's CEO Hermann Stern has developed concrete methods for relative performance measurement to motivate for the long term in a transparent and fair manner."
Prof. Fehr Interview with Swiss Handelszeitung
Professor Roger MartinRoger Martin, Dean of Rotman School of Management
at University of Toronto states:
"There is long battle to be fought to overturn the flawed orthodoxy concerning executive compensation. But it is a battle worth fighting because current practices are bad for shareholders and bad for economic growth and prosperity. Hermann Stern is an important and positive voice in this battle. I admire and respect what he says and does and highly recommend his Bonus Index blog."
Why we believe, Prof. Roger Martin is right about executive compensation: see his article in the Financial Times.
More statements from our reference clients